The Prime Minister of the Tiny Island Nation of Wowza

question 223

Multiple Choice

The prime minister of the tiny island nation of Wowza has proposed that the speed limit on its only highway be reduced by 10 miles per hour on Thursdays.Enacting this proposal would be optimal

• A)only if the marginal cost of reducing the speed limit falls to zero.
• B)as long as the marginal benefit of reducing the speed limit is just equal to or greater than the marginal cost of reducing the speed limit.
• C)as long as the marginal cost does not rise.
• D)until the marginal benefit of this action is maximized.

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Definitions:

Conflicts of Interest

Situations where a person's private interests might interfere with their professional obligations or duties.

Whistle-blowing

The practice of disclosing any form of information or conduct considered unlawful, unethical, or improper inside an organization.

Ethical Issues

Situations or problems that require individuals or organizations to choose between actions that must be evaluated as right or wrong, ethical or unethical.

Ethical Behaviour

Conduct that is morally right or acceptable, adhering to established moral principles or societal norms.